Ally Financial's Residential Capital mortgage unit is in talks with potential buyers and is considering using a pre-packaged bankruptcy to facilitate a sale, according to people with knowledge of the matter.

BBCN Bancorp, the Los Angeles company formed after Center Financial and Nara Bancorp merged, said Wednesday that fourth-quarter earnings fell 42% from the same period a year earlier due primarily to expenses related to the merger.

More than eight months after Sterne Agee Group Inc. announced that it is planning to acquire a community bank, the name of the bank has finally been revealed: Citizens Exchange Bank.

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Good luck deciphering the arcane debt-related announcements that Synovus served up Tuesday. To translate: the company bought itself some time as it faces a series of tough decisions, including whether to sell itself or not.

Sterling Savings Bank in Spokane, Wash., is dropping the "Savings" from its name to reflect its transition from a traditional thrift to commercial-oriented bank.

A settlement between NCO Financial Systems and 19 states will result in the company paying up to $1.5 million in restitution to the various state's AG offices and consumers.

Suffolk Bancorp in Riverhead, N.Y., has filled its vacant chief financial officer position by hiring from a former competitor.

F&M Bank, of Iowa, would get 2 branches in Galeburg, Ill., with $66 million of deposits.

Mid-Atlantic Corporate FCU said this afternoon it has completed the merger of Virginia Corporate FCU, the latest corporate combination creating a corporate credit union with $4.1 billion in assets serving more than 800 credit unions.

Toney Weagley, the chief executive of Center Bancorp, unveiled an acquisition (Saddle River Valley Bank) in New Jersey last week. In an interview, he discusses growth in the northern part of the state and his ongoing search for more bank deals.

The sale of MBNA Europe, Bank of America Corp.'s U.K. and Ireland credit-card business, has been abandoned, a person familiar with the matter told Dow Jones Newswires Monday.

State Bank Financial Corp.'s shares slid Monday after the Atlanta company reported a lower-than-expected fourth-quarter profit.

Investors in January backed off the higher rates they had been demanding for leveraged loans, but prospective issuers are reluctant to bite on the cheap financing for various reasons.

Sovereign Bank in Dallas is converting its loan production office in Houston into a regional headquarters and is eyeing further expansion in Texas' largest city.

Bryn Mawr Bank Corp. in Pennsylvania is acquiring a Philadelphia-area wealth management firm from Boston Private Financial Holdings Inc. and the firm's management group.

After Brian Moynihan became CEO at the start of 2010, B of A's stock lost more than half its value. Meanwhile, the leading bank stock index, KBW, scarcely went down at all. And B of A was recently selling for about 1/3 of book, a remarkably low valuation. Evidently enormous further losses are expected. Why?

Deep down in the bowels of Fiserv's business lies the company's mobile banking revenue. But Fiserv is counting on the numerous investments it's made in mobile banking and alternative payments to spur its growth.

Howard Milstein and other members of the family that owns Emigrant have hired Barclays Capital to explore selling its 33 branches or online banking operation. Emigrant still has to repay its federal aid and has been weighed down by problem loans.

The family that owns consumer products giant S.C. Johnson & Son Inc. has won approval from the Federal Reserve Board to invest $235 million in its ailing namesake bank.